Wednesday 21 December 2016

Trade War. Alibaba. Puttin On The Ritz

Is the 1982 hit for Taco. Looks like, those in the USA, might soon not be able to use Alibaba to spend every dime, to have a wonderful time by Putting On The Ritz .

Bloomberg has the story. Read Below :

The U.S. has again labeled Alibaba Group Holding Ltd. one of the world’s largest destinations for fake goods, a major embarrassment for a Chinese e-commerce titan trying to shake off its reputation as a haven for counterfeiters.

The U.S. Office of the Trade Representative on Wednesday restored Alibaba to its annual Notorious Markets blacklist -- just four years after the Chinese company managed to get off.

“We are very disappointed by the USTR’s decision,” to include Alibaba’s Taobao unit on the list, “which ignores the real work Alibaba has done against counterfeiters,” Michael Evans, president of Alibaba Group, said in a statement.